Systems and Methods for Distributing Tokenization and De-Tokenization Services

a tokenization and tokenization service technology, applied in the field of payment transactions, can solve the problems of increasing transaction delays, inability to store static payment credentials on unsecured payment devices, and information stored on payment devices and communicated from payment devices to merchant point of sale (“pos”) devices, etc., to achieve the effect of facilitating identification

Inactive Publication Date: 2013-09-26
FIRST DATA
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

[0019]In one embodiment, one or more computer-readable media may be provided. The one or more computer-readable media may be configured to store computer-executable instructions. When executed by one or more processors, the computer-executable instructions may configure the one or more processors to receiving, from a requesting device, a request to generate a token for use in a payment transaction. The computer-executable...

Problems solved by technology

However, in certain situations, such as situations in which a mobile device does not include a secure element, information stored on a payment device and communicated from the payment device to a merchant point of sale (“POS”) device is vulnerable to security attacks.
Accordingly, it may not be s...

Method used

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  • Systems and Methods for Distributing Tokenization and De-Tokenization Services
  • Systems and Methods for Distributing Tokenization and De-Tokenization Services
  • Systems and Methods for Distributing Tokenization and De-Tokenization Services

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Embodiment Construction

[0029]Various embodiments of the disclosure are directed to systems and methods for facilitating the completion of payment transactions in which tokenization and de-tokenization services may be distributed. In one example embodiment, a card issuer or financial institution may provide payment credential data (e.g., account data, etc.) and information associated with the generation of tokens (e.g., key information, certificate information, encryption information, information associated with the generation of unique transaction values, etc.) to one or more tokenization services or tokenization service providers. Additionally, the card issuer or financial institution may provide payment credential data and token generation data to one or more de-tokenization services or de-tokenization service providers. In this regard, the tokenization services and the de-tokenization services may independently determine a wide variety of token information, such as information utilized to generate toke...

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Abstract

This disclosure describes systems and methods related to distributing tokenization and de-tokenization services. Information associated with a proposed payment transaction may be received by a payment transaction service provider system. The information may comprise a token generated by a tokenization service provider. A de-tokenization service provider separate from the tokenization service provider may be identified based at least in part upon the received information. The token may be routed by a payment transaction service provider system to the de-tokenization service provider for processing.

Description

RELATED APPLICATIONS[0001]This application claims priority to U.S. Provisional Patent Application No. 61 / 613,240, entitled “Systems and Methods for Distributing Tokenization and De-tokenization Services,” filed on Mar. 20, 2012, the contents of which are incorporated by reference herein in their entirety.TECHNICAL FIELD[0002]Embodiments of the disclosure relate generally to payment transactions, and more specifically to the distribution of tokenization and de-tokenization services in conjunction with payment transactions.BACKGROUND[0003]A wide variety of payment devices are utilized by consumers in association with payment transactions. Increasingly, mobile devices and other contactless payment devices are being employed in conjunction with payment transactions. Typically, a contactless payment device includes near field communication (“NFC”) functionality (or other contactless functionality) that facilitates the communication of data from the payment device to a recipient NFC reade...

Claims

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Application Information

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IPC IPC(8): G06Q20/38
CPCG06Q20/382G06Q20/3821G06Q20/385G06Q20/36
Inventor ROYYURU, VIJAY KUMAR
Owner FIRST DATA
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